Commonwealth Equity Services LLC Decreases Stake in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Commonwealth Equity Services LLC lowered its position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 12.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,730 shares of the company’s stock after selling 1,116 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.27% of Invesco KBW Property & Casualty Insurance ETF worth $792,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. PFG Advisors acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the first quarter worth approximately $380,000. Janney Montgomery Scott LLC raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 26.2% during the first quarter. Janney Montgomery Scott LLC now owns 5,933 shares of the company’s stock worth $639,000 after purchasing an additional 1,231 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the first quarter worth approximately $288,000. J.W. Cole Advisors Inc. raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 15.0% during the first quarter. J.W. Cole Advisors Inc. now owns 3,945 shares of the company’s stock worth $425,000 after purchasing an additional 514 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the first quarter worth approximately $920,000.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Shares of Invesco KBW Property & Casualty Insurance ETF stock opened at $115.69 on Thursday. The firm’s fifty day simple moving average is $109.86 and its 200-day simple moving average is $106.15. The stock has a market capitalization of $334.34 million, a price-to-earnings ratio of 19.40 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $82.64 and a 12 month high of $116.70.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.3064 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.23 annualized dividend and a dividend yield of 1.06%.

Invesco KBW Property & Casualty Insurance ETF Company Profile

The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.